Global Airlines Operates Two Types of Jet Planes: Jumbo and Ordinary.On

question 63

Short Answer

Global Airlines operates two types of jet planes: jumbo and ordinary.On jumbo jets,25% of the passengers are on business while on ordinary jets 30% of the passengers are on business.Of Global's air fleet,40% of its capacity is provided on jumbo jets.(Hint: The 25% and 30% values are conditional probabilities stated as percentages.)
a.What is the probability a randomly chosen business customer flying with Global is on a jumbo jet?
b.What is the probability a randomly chosen non-business customer flying with Global is on an ordinary jet?

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Definitions:

Heuristics

Simple, efficient rules, either hardwired by evolutionary processes or learned, which help individuals make decisions, come to judgments, and solve problems when facing complex situations or incomplete information.

Rational Model

A decision-making model that assumes individuals will make decisions based on logical analysis, aiming to maximize outcomes by evaluating all possible alternatives.

Preferences

Individual or collective tastes, inclinations, or choices that dictate behavior or decision-making processes.

Z Problem-solving Model

A structured approach to problem-solving that involves examining different aspects and perspectives of an issue before making a decision.